Market Indices Trend
Top Trades by Volume
Top Trades by Value
Gainers & Loser
The benchmark index continued its bearish trend, down 38.46 points (-1.47%) to close at a new year low of 2,569.95. Consequently, the GSE-CI closed with a -0.38% year-to-date return while market capitalization declined by 1.29% to settle at GH¢61.33 billion. This week’s performance was driven by losses in twelve counters in the beverage, insurance, petroleum marketing, telecommunication and banking sectors.
The financial index was dragged by losses in eight counters in the banking and insurance sector to close at 2,136.54 with a -7.53% year-to-date return.
Fan Milk Ghana Limited (-0.91%) dragged the manufacturing index down by 0.31% to close at 4,785.22 with a -18.82% year-to-date return.
Activity levels weakened with 1,311,705 shares valued at GH¢3,075,838 changing hands from 5,316,821 shares valued at GH¢7,148,680 in the previous session. Cal Bank Limited (CAL) dominated trades by volume, accounting for 52.16% of total volume traded while Standard Chartered Bank accounted for 26.18% of total value traded.
We expect activity levels to pick up as investors take advantage of bargain stocks.